Canada Goose (NYSE:GOOS) Releases Fiscal 2023 Earnings Forecast


Canada Goose (NYSE:GOOS – Get Rating) released an update to its fiscal 2023 earnings guidance on Thursday morning. The company provided EPS guidance of $1.26 to $1.50 for the period. , versus the consensus EPS estimate of $1.20. The company released a revenue forecast of $1.03 billion to $1.10 billion, compared to the consensus revenue estimate of $1.00 billion. Canada Goose also updated its FY23 forecast to 1.60-1.90 CAD EPS.

GOOS shares opened at $20.31 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.36 and a debt ratio of 0.71. Canada Goose has a 12 month minimum of $17.91 and a 12 month maximum of $53.64. The company has a market capitalization of $2.17 billion, a PE ratio of 29.44, a growth price-earnings ratio of 0.48 and a beta of 1.62. The stock’s fifty-day simple moving average is $23.34 and its 200-day simple moving average is $31.21.

Canada Goose (NYSE:GOOS – Get Rating) last released its results on Thursday, May 19. The company reported earnings per share of $0.04 for the quarter, beating the consensus estimate of $0.02 by $0.02. Canada Goose had a return on equity of 24.35% and a net margin of 8.52%. The company posted revenue of $223.10 million for the quarter, versus analyst estimates of $223.46 million. In the same quarter a year earlier, the company posted earnings per share of $0.01. The company’s quarterly revenue increased 6.8% year over year. Analysts expect Canada Goose to post EPS of 1.34 for the current year.

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A number of equity research analysts have recently commented on the company. Cowen lowered its price target on Canada Goose from $37.00 to $30.00 in a research report on Friday. Cowen lowered its price target on Canada Goose from $37.00 to $30.00 and set an outperform rating for the stock in a research report on Friday. Veritas Investment Research upgraded Canada Goose from a reduced rating to a buy rating in a research report on Monday, February 14. TD Securities raised its price target on Canada Goose from C$49.00 to C$54.00 in a research report released Friday. Finally, Wells Fargo & Company cut its price target on Canada Goose from CA$45.00 to CA$38.00 in a report released Friday. One analyst rated the stock with a sell rating, four issued a hold rating and seven assigned the company a buy rating. Based on data from, Canada Goose currently has an average buy rating and a consensus target price of $38.09.

A number of large investors have recently increased or reduced their stakes in the stock. Invesco Ltd. increased its holdings in Canada Goose by 3.6% in the third quarter. Invesco Ltd. now owns 5,708 shares of the company valued at $204,000 after acquiring 196 additional shares in the last quarter. LPL Financial LLC acquired a new position in Canada Goose in Q4 worth $212,000. Acadian Asset Management LLC acquired a new position in Canada Goose in Q1 worth $286,000. BNP Paribas Arbitrage SA increased its stake in Canada Goose by 14.8% in the third quarter. BNP Paribas Arbitrage SA now owns 21,353 shares in the company valued at $762,000 after acquiring an additional 2,752 shares last quarter. Finally, State Street Corp increased its stake in Canada Goose by 8.1% in the first quarter. State Street Corp now owns 34,360 shares of the company valued at $905,000 after acquiring 2,574 additional shares in the last quarter. 42.99% of the shares are held by institutional investors and hedge funds.

About the Canada Goose (Get an assessment)

Canada Goose Holdings Inc designs, manufactures and sells luxury performance apparel for men, women, youth, children and babies in Canada, the United States, Asia, Europe and internationally. It operates through three segments: Direct-to-Consumer, Wholesale and Other. The company offers parkas, lightweight down jackets, rainwear, windproof clothing, knitwear, footwear and accessories for the fall, winter and spring seasons.

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